Understand Bitcoin in just 835 Words

Too Long; Didn't Read

Bitcoin was the discovery of either an individual or a group of people with the pseudonym “Satoshi Nakamoto” Satoshi wrote the whitepaper (a paper that presents a problem and provides a solution) in 2008 called “Bitcoin: A Peer-to-Peer Electronic Cash System” The decentralisation allows this new currency not to be impacted by monetary policies (actions by central banks to manage the money supply), limits any exposure to third parties (such as banks where we hold cash) Payments are immune to inflation/deflation and payments can be borderless i.e. all you need is a mobile device.